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Finance / United Kingdom

O2 Joins The Smart-Meter Race

March 2011 | Company News Alert

O2, Telefónica's UK operation, has struck a deal with security and smart metering firm G4S to deploy a remote management and monitoring system for a national smart meter network. The UK has a target of rolling out smart meters to all homes by 2020, and the European Union has stipulated that 80% of EU households should be smart metered by 2020. BMI therefore considers it to be a revenue growth opportunity for operators, but expects there will be stiff competition for O2 from other network operators._x000d_

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